Jiffy Lube in Hesperia, California

For Sale

Offering Memorandum

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BrokerInvestor

Overview

Overview

  • price: $1,309,091
  • cap rate: 5.5%
  • sale type: sale-leaseback with 10 year initial term
  • building size: 2,460 sf
  • lot size: 14,322 sf

Highlights

  • Store to receive over $40k in equipment and signage upgrades and additions to allow for brakes, repair and tire sales and installation
  • Many developments coming to the area including a 200 unit duplex development just minutes down the road
  • Excellent frontage and visibility, great demographics for use
  • Strong franchisee with over 33 locations and excellent store sales
  • Internet proof

Property Description

SVN – Rich Investment Real Estate Partners is proud to present 16701 Main St in Hesperia, California. This property is a sale lease back opportunity which includes a 2,460 square foot single tenant Jiffy Lube with two service bays. The property will have a 10 year lease with five, five year options with 10% increases every five years on lease term and options. The lease is corporately guaranteed by Najjar Lube Centers Inc, a Jiffy Lube Franchisee which operates over 33 locations.

The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. SVN®, Sperry Van Ness®, and Sperry Van Ness Commercial Real Estate Advisors® are registered service marks of Sperry Van Ness International Corporation.

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